Education Savings Calculator

Our Registered Education Savings Plan Calculator assists in determining the cost of a child's post-secondary education and maps out the savings required - through individual contributions and government grants - to meet the financial target.

Child's Age

The child's current age.

Age Starting School

The age when the child is anticipated to begin post-secondary education.

Length of Study

The length of study (in years).

Annual Tuition

The estimated cost of tuition per year in today's dollars.

Annual Living Expenses

The estimated cost of living expenses per year in today's dollars.

Annual Inflation Rate

The anticipated inflation rate per year.

%

Net Household Income

The annual household income after taxes.

Current Education Savings

The amount of money already put aside for the child's post-secondary education.

Annual Rate of Return

The annual interest rate you expect to receive on RESP contributions.

%

Contribution Amount

The amount you will be regularly contributing to the RESP. All contributions are assumed to happen at the beginning of the period.

To save or share your results, please copy the URL below. You can email your results or paste the URL into your browser.

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.